12 a registration

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JAYAKUMAR.M.G

JAYAKUMAR.M.G (Querist)
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08 March 2012 Sir
we are a Regd Soceity in Kerala from 2006 onwards. We are collecting contributions from members and public and distributing to poor and needy persons for their Medical, Educational nad other Charitable purposes. For applying for Income Tax Exemption what are the conditions and Procedure. We are expecting a detailed reply
RGDS

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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08 March 2012 Charitable or religious trusts, societies and companies claiming exemption under sections 11 and 12 of the Income-tax Act,1961 are required to obtain registration under the said act.

Requirements for registration u/s. 12AA is as follows:-
i) Application for registration in Form No.10A in duplicate.
ii)List of Name and Address of the Trustees
iii)Copy of Registration Certificate under which it is registered.
iv)Certified True Copy of the Trust Deed.
v)PAN card copy of the Trust.
vi)PAN card copy and proof of address of the trustee's
viii) Copy of 3 years audited financial statements viz., Income & expenditure a/c and balance sheet..

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